Ok California. Now what?

rickyb

Well-Known Member
look at the comments my god. could be a turning point in american history this luigi guy


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Over70irregs

Well-Known Member
what do you mean?
My fault. That was a macro global statement. Example BRICS and them telling us they want different and balanced. US/stateside Homeowners are being tapped as the last store of wealth in the country. Insurance, maintenance, contractors, HOA are whats left.
 

59 Dano

I just want to make friends!
California has a law limiting insurance companies' ability to raise rates on fire policies to keep premiums from getting too high. Insurance companies, in response, stopped offering coverage in areas where they were likely to lose money. Residents in those areas were left either uninsured or stuck with expensive substandard FAIR coverage.

As of now, it is estimated that FAIR won't be able to cover all the losses of its policyholders and will have to collect the difference from insurance companies that operate in the state. The insurance companies will, in turn, pass those costs on to their policyholders in the form of higher premiums.

What does that mean? Joe Citizen will be paying higher premiums to ACME Insurance to cover loses that weren't insured by ACME Insurance because the state didn't want ACME Insurance to charge higher premiums. I'm not one to play the "They asked for it" card but wow, Californians are a different breed.
 

Babagounj

Strength through joy

A shocking video shows the leader of diversity, equity and inclusion at the Los Angeles Fire Department appear to blame helpless fire victims as massive blazes continue to tear through the City of Angels.
 

rod

Retired 23 years
Fire closing in on Camila's neighborhood. Now we will see if it can be controlled. I'm betting it will be.
 
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